By Richard Hook2018-04-27T06:00:00
Legal & General has created a new wholly-owned affordable housing provider which aims to deliver 3,000 homes per year within the next four years.
Legal & General Affordable Homes will operate as a subsidiary of Legal & General Capital and aims to deliver 3,000 homes per year within the next four years.
Chief executive Nigel Wilson said the new division has been formed to tackle the historical “underinvestment” in the sector. It will look to become the leading private affordable housing provider in the UK and bridge the gap between the 1.3m households on UK waiting lists for affordable by increasing housing provision for the sector which currently averages 30,000 properties a year.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.